Data Science has become the most revolutionary technology that everyone seems to be talking about these days with lots of anticipation and craziness towards it. Freshers, working professionals, everyone has their eyes on data science as it has sky-high salaries and work is quite captivating and challenging, and the field is ever-growing technology.

Introduction to data science 

In simple terms, one can describe data science as the study of data that includes extracting, analyzing, visualizing, and storing data to create meaningful and insightful insights. These insights help companies to understand different patterns of data and make powerful decisions. Data Science uses structured and unstructured formats to discover and retrieve various data from historical data analysis and predict future data. 

Data Science is a multidisciplinary field having roots in computer science, mathematics, and statistics. It is one of the most sought-after career choices in the present day due to the enormous data present in our real world. For this reason, the companies or the corporate looking for highly-skilled data scientists to offer the best positions in their corporate with lucrative pay-scale. 

Advantages of Data Science 

1) High Market Demand 

Data Science has the most significant demand in the current date. The best time for building a career in data science is now. The opportunities are endless, and all you need to have is a good skill set that includes statistics, mathematics, and computer science. It’s the perfect blend of the ever-growing field. 

Related: Time Series Analysis

2) More Job Opportunities 

Data Science has many inter-disciplines and is one of the fastest-growing industries creating numerous job opportunities for fresher and experienced. From recent reports and predictions, the data says that job positions for data science will increase to 12 million by 2026, and that’s only in India. The demand is enormous in data science, while only a few skilled data scientists are available. 

3) Sky-High Salaries

Due to the high demand for different industry roles and less available professionals, businesses are looking for highly skilled professionals for their corporate and are always ready to pay high salary packages. According to Glassdoor, the average data analyst salary package is $116,110 a year as the most lucrative career option available in today’s market.

Conclusion

Data Scientists are basically the superheroes of today’s businesses, who, with the help of data and their intense skills, take the businesses to new heights. Data Science holds power to mold industries and our society for the greater good. And with such a limited supply of Data Science professionals and colossal demand, sky-high salaries, and future opportunities, Data Science has become a lucrative career.

 

Guest article written by: Ram Tavva. Senior Data Scientist and Alumnus of IIM- C (Indian Institute of Management – Kolkata) with over 25 years of professional experience Specialized in Data Science, Artificial Intelligence, and Machine Learning. PMP Certified. ITIL Expert certified APMG, PEOPLECERT and EXIN Accredited Trainer for all modules of ITIL till Expert Trained over 3000+ professionals across the globe Currently authoring a book on ITIL “ITIL MADE EASY”. Conducted myriad Project management and ITIL Process consulting engagements in various organizations. Performed maturity assessment, gap analysis and Project management process definition and end to end implementation of Project management best practices. Social Profile Links:  Twitter, Facebook, LinkedIn